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CURRENCY TECHNICAL OUTLOOK

* The USD/INR futures pair has support at 83.40 levels whereas resistance is placed at 83.70 levels. The pair is expected to range bound until either side level is breached

* The EUR/INR futures pair has support at 90.50 levels whereas resistance is placed at 90.70 levels. The pair is expected to find resistance at higher level and trade weak below 90.50 level up to 90.40 and 90.30 levels

* The GBP/INR futures pair has support at 105.30 levels whereas resistance is placed at 105.60 levels. The pair is expected to find resistance at higher level and trade weak below 105.30 level up to 105.20 and 105.10 levels

* The JPY/INR futures pair has support at 55.00 levels whereas resistance is placed at 55.20 levels. The pair is expected to find support at lower and trade firm above 55.20 level up to 55.30 and 55.40 levels

CHART OF THE DAY

JPYINR (DAILY CHART)

Strategy: Intraday

* JPYINR pair traded with negative bias in the last trading session; and prices are trading below downward trend line.

* The pair is likely to trade with positive bias and any pullback near immediate support of 55.00 level should be taken as buying opportunity targeting 55.20 – 55.30 levels on higher side

* For Intraday session, it has support at 55.00 – 54.90 levels whereas resistance is placed at 55.20 –55.30 levels

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